Evergreen Capital Management LLC Takes Position in Carlisle Companies Incorporated (NYSE:CSL)

Evergreen Capital Management LLC acquired a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 951 shares of the conglomerate’s stock, valued at approximately $385,000.

Several other large investors have also added to or reduced their stakes in CSL. Madison Asset Management LLC lifted its holdings in shares of Carlisle Companies by 2.9% in the fourth quarter. Madison Asset Management LLC now owns 401,528 shares of the conglomerate’s stock worth $125,449,000 after buying an additional 11,464 shares in the last quarter. TD Asset Management Inc increased its holdings in Carlisle Companies by 2,073.5% during the 2nd quarter. TD Asset Management Inc now owns 281,643 shares of the conglomerate’s stock worth $114,125,000 after acquiring an additional 268,685 shares during the period. Public Employees Retirement Association of Colorado boosted its holdings in Carlisle Companies by 2.9% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 234,166 shares of the conglomerate’s stock valued at $94,886,000 after purchasing an additional 6,613 shares during the period. Zurich Insurance Group Ltd FI boosted its holdings in Carlisle Companies by 2.6% in the 1st quarter. Zurich Insurance Group Ltd FI now owns 188,234 shares of the conglomerate’s stock valued at $73,759,000 after purchasing an additional 4,782 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of Carlisle Companies by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 186,370 shares of the conglomerate’s stock valued at $73,029,000 after purchasing an additional 4,168 shares in the last quarter. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Up 1.5 %

CSL opened at $444.65 on Friday. The business’s fifty day simple moving average is $411.47 and its 200 day simple moving average is $404.90. Carlisle Companies Incorporated has a 52 week low of $235.79 and a 52 week high of $445.29. The company has a quick ratio of 2.50, a current ratio of 2.89 and a debt-to-equity ratio of 0.63. The stock has a market cap of $20.56 billion, a PE ratio of 25.78, a P/E/G ratio of 1.43 and a beta of 0.90.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Wednesday, July 24th. The conglomerate reported $6.24 EPS for the quarter, beating the consensus estimate of $5.84 by $0.40. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.45 billion. Carlisle Companies had a return on equity of 31.65% and a net margin of 27.88%. The company’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the company earned $5.18 EPS. As a group, research analysts expect that Carlisle Companies Incorporated will post 20.57 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th were issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.90%. This is a positive change from Carlisle Companies’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Tuesday, August 20th. Carlisle Companies’s payout ratio is presently 23.19%.

Analyst Ratings Changes

CSL has been the topic of a number of recent analyst reports. Robert W. Baird increased their price objective on Carlisle Companies from $465.00 to $500.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Oppenheimer reaffirmed an “outperform” rating and issued a $480.00 price target (up previously from $475.00) on shares of Carlisle Companies in a report on Wednesday, September 4th. Finally, StockNews.com lowered Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $468.75.

Insider Activity at Carlisle Companies

In other Carlisle Companies news, VP David W. Smith sold 600 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $425.56, for a total value of $255,336.00. Following the completion of the sale, the vice president now directly owns 2,834 shares of the company’s stock, valued at $1,206,037.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Kevin P. Zdimal sold 21,470 shares of the stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $425.29, for a total transaction of $9,130,976.30. Following the completion of the sale, the chief financial officer now directly owns 35,641 shares in the company, valued at approximately $15,157,760.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP David W. Smith sold 600 shares of Carlisle Companies stock in a transaction on Monday, July 29th. The stock was sold at an average price of $425.56, for a total transaction of $255,336.00. Following the completion of the transaction, the vice president now directly owns 2,834 shares in the company, valued at $1,206,037.04. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

Carlisle Companies Profile

Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, Asia and the Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.